Binance reopens Bitcoin withdrawals after $6.3B hack, says 95% restored

Binance has reopened Bitcoin withdrawals on November 1, becoming the first network to resume service after the exchange suspended withdrawals following its $6.3 billion cryptocurrency hack on October 29. Binance has resumed Bitcoin network withdrawals after suspending services following its $6.3 billion security breach. The first recovery phase covers selected cryptocurrencies across 15 networks, with other withdrawals awaiting security checks. Binance says it has replenished 95% of affected assets, up from 90% in its previous update. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC balances are now fully backed, according to the exchange. A new Proof of Reserves snapshot has been published, with full cryptographic verification expected by November 3.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.